$479,500

18427 SE Yamhill St Unit 18429 Portland, OR 97233

Rockwood Neighborhood

Estimated payment $2,909/month

Total Views 2,842
4 Beds
2 Baths
1,680 Sq Ft
$285 Price per Sq Ft

Highlights

  • Corner Lot
  • Wood Siding
  • 1-Story Property
  • Landscaped with Trees
  • Heating System Uses Gas

About This Home

Excellent investment opportunity or live-in-one, rent-the-other! This well-maintained duplex features two spacious units, each with 2 bedrooms, 1 bathroom, and private entrances. Both units offer open-concept living and dining areas, functional kitchens, and dedicated off-street parking. Recent updates and a solid rental history make this a turn-key property for investors or owner-occupants alike.Located in a quiet residential neighborhood, this property is by Rockwood Central Park, schools, and major transit routes—including the MAX Blue Line just blocks away for easy access to downtown Portland. Nearby shopping options include Fred Meyer, WinCo Foods, and Natural Grocers, with plenty of local restaurants, cafes, and everyday conveniences just minutes away.Whether you're expanding your portfolio or looking to offset your mortgage with rental income, this Gresham duplex is a smart move.

Listing Agent

Amit Amshalom

RE/MAX Equity Group License #201247964 Listed on: 07/23/2025

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,611

Year Built

  • Built in 1948

Lot Details

  • 6,969 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Alder Elementary School
  • Reynolds Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R153581

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $36,936
  • Net Operating Income $33,669

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,611

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1948
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Deck,IndividualStorageUnits
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Alder
  • High School: Reynolds
  • Middle Or Junior School: Reynolds

Lot Info

  • Zoning: RTC
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R153581

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3610.82

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.98
  • Annual Gross Income: 36936.0
  • Property Net Operating Income: 33669.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,611 $193,080 -- --
2023 $3,611 $187,460 $0 $0
2022 $3,187 $182,000 $0 $0
2021 $3,108 $176,700 $0 $0
2020 $2,908 $171,560 $0 $0
2019 $2,787 $166,570 $0 $0
2018 $2,759 $161,720 $0 $0
2017 $2,670 $157,010 $0 $0
2016 $2,554 $152,440 $0 $0
2015 $2,480 $148,000 $0 $0
2014 $2,396 $143,690 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $479,500 -- $285 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Special Warranty Deed $159,500 Stewart
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $172,000 Unknown
Previous Owner $165,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 630979031

Regional Multiple Listing Service (RMLS)

APN: R153581